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Based on the following data for the current year, what is the accounts receivable turnover? Net sales on account during year $527,630 Cost of merchandise
Based on the following data for the current year, what is the accounts receivable turnover?
Net sales on account during year | $527,630 |
Cost of merchandise sold during year | 159,254 |
Accounts receivable, beginning of year | 41,997 |
Accounts receivable, end of year | 46,595 |
Inventory, beginning of year | 91,226 |
Inventory, end of year | 115,810 |
Select the correct answer.
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